Median Price


The Median Price indicator is simply the midpoint of each day's price. The Typical Price and Weighted Close are similar indicators.

The Median Price indicator provides a simple, single-line chart of the day's "average price." This average price is useful when you want a simpler view of prices.

The following chart shows the Median Price indicator (dotted line) on top of the hi-low-close price chart.

medianprice.gif (7093 bytes)

The Median Price indicator is calculated by adding the high and low price and dividing by two.

medianpricecalc.gif (234 bytes)